New Private Housing Units Authorized by Building Permits: 1-Unit Structures for the District of Columbia
DCBP1FHSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.00
Year-over-Year Change
-39.13%
Date Range
1/1/1988 - 6/1/2025
Summary
This economic trend measures the number of new private housing units authorized by building permits for 1-unit structures in the District of Columbia. It provides insight into residential construction activity and housing market conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The New Private Housing Units Authorized by Building Permits: 1-Unit Structures for the District of Columbia series tracks the issuance of building permits for new single-family home construction. This metric is an important leading indicator of future residential investment and economic growth.
Methodology
The data is collected by the U.S. Census Bureau through surveys of local building permit offices.
Historical Context
Policymakers and market analysts use this trend to gauge housing sector strength and predict future activity.
Key Facts
- Permits are required before new home construction can begin.
- This trend leads other housing market indicators like starts and sales.
- Strong permit growth signals optimism about future housing demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new private housing units authorized by building permits for 1-unit structures in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides an early indication of future residential construction activity and housing market conditions, making it an important leading indicator for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of local building permit offices.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to gauge the strength of the housing sector and predict future economic growth.
Q: Are there update delays or limitations?
A: The data is released monthly with a short delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, New Private Housing Units Authorized by Building Permits: 1-Unit Structures for the District of Columbia (DCBP1FHSA), retrieved from FRED.